The Union Budget 2023-24 was not as beneficial for the residential real estate sector as the industry had hoped. The only announcement with direct implications for the housing sector was the increased allocation for the Pradhan Mantri Awaas Yojana (PMAY). More supply in this segment can benefit the middle class, who form a significant portion of the target audience for this scheme. One of the major changes is the introduction of a new tax regime, which offers lower tax rates for individuals who forgo exemptions and deductions. However, this regime…
Read MoreFriday, November 22, 2024
Recent posts
- Exabeam and Wiz Partner to Strengthen Cloud Security Threat Detection
- New data reveals the blockchains most hit by scammers – Ethereum named the most vulnerable
- India’s First AI Parenting Assistant 'Misha' Now Powers The ParentZ App
- Habitat for Humanity India and Max Estates Deliver 25 New Homes to Low Income Families in Haryana
- The Autonomous Car Industry in 2024: Three Key Takeaways
